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Can my 2016 investment losses (stocks) be used or carried over to offset potential 2017 short/long term capital gains?

 
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Coleen3
Intuit Alumni

Can my 2016 investment losses (stocks) be used or carried over to offset potential 2017 short/long term capital gains?

If you have a loss on Schedule D, the IRS allows up to $3000 to be deducted in the current year, with the balance to be carried forward to next year. If you have a loss greater than $3000, then yes it will be available for next year.

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1 Reply
Coleen3
Intuit Alumni

Can my 2016 investment losses (stocks) be used or carried over to offset potential 2017 short/long term capital gains?

If you have a loss on Schedule D, the IRS allows up to $3000 to be deducted in the current year, with the balance to be carried forward to next year. If you have a loss greater than $3000, then yes it will be available for next year.

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